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Indonesian government lists $3.25bn Sukuk tranches on Nasdaq Dubai

Indonesian government lists $3.25bn Sukuk tranches on Nasdaq Dubai
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UAE - Mubasher: Nasdaq Dubai has welcomed the listing of two Sukuk tranches worth $3.25 billion, issued by the Indonesian government.

With a 4.40% yield, the Indonesian government has listed on Nasdaq Dubai five-year trust certificates valued at $1.75 billion, according to a press release on Monday.

Meanwhile, the second Sukuk tranche includes $1.5 billion 10-year trust certificates with a 4.70% yield.

The new listings have raised the total value of Sukuk listed by the government on the financial exchange to $22 billion.